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Large transactions at the end of the week break the market quietness and Al-Quds index below 700 points

2008-06-01

Quietness had vouched the PSE transactions last week except the last trading session Thursday, which had attested abnormal activity within institutional transactions that concentrated on PADICO, one transaction amounted 6 million shares that valued more than $15 million. Until the end of Wednesday trading session, aggregate trading value reached $27.2 million while Thursday"s session trading value reached $19.7 million to total $46 million in the whole week. In aggregate, average daily trading volume declined by %11.17 to reach 2.6 million shares versus 3 million shares as daily average in the previous week. Average daily trading value declined by %32.16 to reach $9.4 million versus $13.8 million as daily average in the previous week. Last week PSE had attested 3382 contracts through 13.1 million shares that valued $46.95 million, versus 4268 contracts the previous week within 14.8 million shares that valued $69.20 million.